About Nigeria...
British influence and control over what would become Nigeria and Africa's most populous country grew through the 19th century. A series of constitutions after World War II granted Nigeria greater autonomy; independence came in 1960. Following nearly 16 years of military rule, a new constitution was adopted in 1999, and a peaceful transition to civilian government was completed. The government continues to face the daunting task of reforming a petroleum-based economy, whose revenues have been squandered through corruption and mismanagement, and institutionalizing democracy. In addition, Nigeria continues to experience longstanding ethnic and religious tensions. Although both the 2003 and 2007 presidential elections were marred by significant irregularities and violence, Nigeria is currently experiencing its longest period of civilian rule since independence. The general elections of April 2007 marked the first civilian-to-civilian transfer of power in the country's history.
Nigeria is classified as an emerging market, and is rapidly approaching middle income status, with its abundant supply of resources, well-developed financial, legal, communications, transport sectors and stock exchange (the Nigerian Stock Exchange), which is the second largest in Africa. Nigeria is ranked 37th in the world in terms of GDP (PPP) as of 2007. Nigeria is the United States' largest trading partner in sub-Saharan Africa and supplies a fifth of its oil (11% of oil imports). It has the seventh-largest trade surplus with the U.S. of any country worldwide. Nigeria is currently the 50th-largest export market for U.S. goods and the 14th-largest exporter of goods to the U.S. The United States is the country's largest foreign investor.[47] The bulk of economic activity is centred in 4 main cities: Lagos, Kaduna, Port Harcourt, and Abuja. Beyond these three economic centers, development is marginal.
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| Exports To Nigeria Facts |
| Location: |
Western Africa, |
| Coordinates: |
10 00 N, 8 00 E |
| Int. Dialing Code: |
00 234 |
| Currency: |
nairas (NGN) |
| Language: |
English |
| Area: |
923,768 sq km |
| Capital City: |
Abuja |
| Population: |
149,229,090 |
| Population Ranking: |
8 |
| Employment: |
95.1% |
| Inflation: |
11.5% |
| GDP: |
$353.2 billion (2009 est.) |
| GDP Ranking: |
33 |
| GDP Growth: |
3.8% (2009 est.) |
| Internet Users: |
11 million (2008) |
| Television Stations: |
3 |
| Phone Lines: |
1.308 million (2008) |
| Mobile Phones: |
62.988 million (2008) |
| Major Industry: |
crude oil, coal, tin, columbite; palm oil, peanuts, cotton, rubber, wood; hides and skins, textiles, cement and other construction materials, food products, footwear, chemicals, fertilizer, printing, ceramics, steel, small commercial ship construction and repair |
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